Bullish breakout.
(By Yann Quelenn)
• EUR/USD short-term bullish pressures are
increasing. The pair has broken hourly resistance
at 1.1910 (02/08/2017 high) while hourly support
lies at 1.1662 (17/08/2017 low). Expected to show
increasing bullish pressures.
• In the longer term, the momentum is now
turning largely positive. We favour a continued
bullish bias. Key resistance holding at 1.1871
(24/08/2015 high) has been broken while strong
support lies at 1.0341 (03/01/2017 low).
